MCB Short term analysis for Investment 27th Nov. 2023

Key Resistance at 166
Buy MCB as long as trading above 153 with strict stop loss of 148 and profit target at 159 and 161 with extension towards 164 and 166.
166 will play key resistant region role thereforoe it's recommended to stay cautious around this region. While breakout above this region would call for 173 and 185
TECH NOTE: MCB is trading inside a bullish price channel on daily and weekly chart and have penetrated above its major resistant trend line.